HomeMy WebLinkAbout0977 'I ~nd t{~e mortga~or coi~enanta with ti~e mortgagee Ihnl the mortgagor ts indefewi6ly aeized o) su~d ~
i~ ~anc~ in ~ee simp~e: that Ihe mortflaflor has good right anc~ ~aw~u~ aut{?orlty to conver ,aid [a.~d a~ a~ore- ~
~j saic~: f{~at f{~~ mortpagor wi~~ mn~Ce sucf~ (urther as~urances to per(PCt fhe Jee aimo~e ttt~e fo aaitj ~nnd tn !ke ~
j~ mort{~a~ee as may reasona6ly be required; ll~at t{?e mortgagor {~ere6y ju~Iy warrnnts Ihe lit~e to said Iantl t
!i and ~~~il! c!e/~?~d ~h~ same aflainst the lnw/u~ clnims of all perao?u whorruoever; and thut snid land ts /ree
a.~d ~l~~ar o( ~~II r~icumtiranc•es except those taxes accruing subsequent to
1~ December 31, 1980.
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1~ ~rouided ~tways, Ihat i~ said morlgagor sha~~ pay unto said mortga{~ee the certnin prornis-
sory note {~ereina~ter substanfia~ly copied or identified, to-wit:
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. rtppTGAGE NOTE RAMCO ~ORM 33 ~
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;4 , 800 . 00 ~ ' St . Lucie County. Fiorida
~ ~ No~vember 25 9 g 1 ~
FOR VALUE RECEI~'ED, the undenigned, (jointly and sr~•erally~ if more than one) promises to pa~ to
R. Laurence Hill and C. Sondra Hill, his wife
~ or order, in the mannrr hereina(ter specired~ ;
~he prineipsl sum o( FOUR THOUSAND EIGI-iT HUNDRED AND---------------------NO lIOG DOLLARS ~
( Z 4~ 8 0 0. 0 with intezest from date at thc rate of 1 Q per c: ~t. per annum on thr balaRC~ (rom time to time remaining unpaid.
Thc uid principal and interest shall be payabl~ in lawful mon~y of the United States of Ameriu at 6E)7 S.E. Preston Lane, ~
POrt $t . Lueie , FL or at such place as may h~rrah~r bt dcsienaied b~~ N•ria~n no[ice (rom the halder to the makcr hereo(, oe j
t}:c datc and in thc manncr follow~t+~~52 . t
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~rincipai and interest payable in Thirty-Six (36) consecutive ;
monthly installments of $164.07, beginning December 23, 1981
~ and monthly thereafter untiT said principal and ir.terest due ~
; thereon are Fully paid. • ~
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~ TriA makers reserve the riaht of prepayment at an}= time ;
~ without penalty. ~
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i This no~e M~ith int~rest is ucured by- a mortga¢~ on real ~state, o! «•en datr herrvrith. made b~ th~ ma~er hercof in fa~~or of thr iaid _
t vayec, and sha[l be construed and enferccd according to the lawi of the Stat~ of Florida.
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~ If dcfaul! be made in the payTnent oi any~ of the. sums or interest mentioned hrrein or in said mort_q~ge~ or in the pcrforSnanc~ of
an~- of the agreem~nts con.ained herein or in said mortgage, then the entitt principal sum and accrued interest sDall at the oplion of the
F hoider henof become at once due and collectible without notice, time bcing of the ~ssence; and ~aid ptincipal sum and arcru~d interrit
shall both beu inceresi from ~uch time until paid at the highext rate aUuwable undv thr laws of the Stite af Fiorid~. Failure to c:crciu ~
thi~ option ~hall not constitute a w~iver of the right to exerciu the same in tht e~-ent o( any subsequent default. ~
Each jxrson liable hereon ~.hether maker or endorxr, hereby waivei presentrent,• protett, notice, notice of protest and notice o[ dir ~
~ honor and agree~ to pay al1 cosu, including a r~asonablc actorney's fee, wheth~r suit be brou~ht oz not, if, after maturity of this note or de(ault ~
~ hereunder, or under said mottgage, counsel ihall be employed to collcet thi} note or to protect the xcurity of said" murt¢age. 3
~ Whenn~er uud herein the termi "holder", "maker" and "pa~~ee" shail bt construed in the singular or plural as tht context ma~ 1,
~ rcquitc ot admit. ~
~ ~Saket'~ Acldress BY.•. ~sJ JAt~T A. T'Q..F.~~ ~~~~r . (SEAL} !
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F • for SuMac Investments, Inc. ~
; 1845 S.F.. St. Andrews Drive
' Stuart, Fiorida 33494 - ................................~-~------..........................~sE~L~
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